Canadian Natural Gas Gains as Air-Conditioner Use Sparks Demand
This article is for subscribers only.
Canadian natural gas rose, headed for a monthly gain, amid hotter-than-normal weather across the U.S. that has boosted air-conditioner use.
June gas in Alberta advanced 3.6 percent. Cooling demand across the U.S. will average 80 percent above normal through May 7, according to Weather Derivatives. Demand for gas-fired power increases with air-conditioner use and gas prices that touched decade lows in the past month have prompted fuel switching, said Stephen Smith, an energy analyst in Natchez, Mississippi.